VANCOUVER, British Columbia — Bevcanna Enterprises Inc. (CSE:BEV) (“BevCanna” or the “Enterprise”) announced that its board of directors has appointed Michael Darby as the Chief Economic Officer and Corporate Secretary of the Enterprise, efficient July 29, 2019. Mr. Darby succeeds John Campbell, who will continue to hold the part of Chief Method Officer of the Enterprise, and who will now concentrate mainly on merger, acquisition and joint venture possibilities in BevCanna’s two principal markets, Canada and California.
“We’re pleased that Michael has joined the BevCanna group,” stated Marcello Leone, CEO of BevCanna. “Michael’s substantial monetary management experience will be an invaluable asset to our group, specially in this period of strategic expansion. His stewardship capabilities across a variety of industries, and especially in the capital markets arena, will be crucial as we move forward with our extended-term plans.”
“It’s an thrilling chance that I couldn’t pass up,” noted Mr. Darby. “The cannabis-infused beverage market place is on the brink of explosive development, and BevCanna is at the forefront of the sector. To join a group with the branding, beverage and cannabis experience that this group jointly holds is really attractive.”
A finance experienced with more than 25 years of progressively senior monetary management practical experience, Mr. Darby joins BevCanna from Naturo Group Investments Inc. Prior to joining Naturo Group, Mr. Darby served as Chief Economic Officer of Skidmore Group Holdings Inc., a loved ones-owned private equity firm. Prior roles contain CFO of TCG International Inc., an international manufacturer, retailer and franchisor of auto & window glass, and Canadian manufacturer & distributor of architectural millwork, and Corporate Controller & Director of Administration of Glentel Inc., a publicly-traded retail telecommunications organization.
Mr. Darby is a member of the Chartered Specialist Accountants of British Columbia and earned a Bachelor of Industrial Research degree from the University of Western Ontario.
Bevcanna Enterprises Inc. (CSE:BEV) plans to create and manufacture cannabinoid-infused beverages and customer items for in-residence brands and white label clientele. With decades of practical experience making, branding and distributing iconic brands that have resonated with buyers on a international scale, the group demonstrates an experience unmatched in the emerging cannabis beverage category. Primarily based in British Columbia, Canada, BevCanna has a 100-acre outside cultivation website in the fertile Okanagan Valley and the exclusive rights to a pristine spring water aquifer, as properly as a planet-class 40,000-square-foot, HACCP certified manufacturing facility, with a existing bottling capacity of up to 72M bottles. BevCanna’s vision is to be a international leader in infused innovations.
Disclaimer for Forward-Searching Information
Particular facts in this news release constitutes forward-searching statements beneath applicable securities laws. Any statements that are contained in this news release that are not statements of historical reality are forward-searching statements. Forward-searching statements are generally identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend”, “estimate” or the unfavorable of these terms and comparable expressions. Forward-searching statements in this news release contain, but are not restricted to: that Michael Darby’s substantial monetary management experience will be an invaluable asset to the Enterprise, specially in this period of strategic expansion, and that his stewardship capabilities across a variety of industries, and especially in the capital markets arena, will be crucial as the Enterprise moves forward with its extended-term plans the cannabis-infused beverage market place is on the brink of explosive development statements with respect to the improvement and manufacturing of cannabinoid-infused beverages and customer items for in-residence brands and white label clientele the emerging cannabis beverage category and the small business plans of the Enterprise
Forward-searching statements are primarily based on particular assumptions with regards to that Michael Darby’s practical experience will advantage the Enterprise anticipated modifications to Canadian federal legislation to legalize cannabis-infused beverages and expectations with respect to the future development of recreational cannabis items. Readers are cautioned not to location undue reliance on forward-searching statements. The assumptions of the Enterprise, despite the fact that viewed as affordable by it at the time of preparation, might prove to be incorrect. In addition, forward-searching statements necessarily involve recognized and unknown dangers, which includes, with out limitation, dangers connected with: adverse market place situations modifications to the development and size of the cannabis-infused beverage markets customer acceptance and adoption of cannabis-infused beverages as compared to other beverages future legislative and regulatory developments and other dangers. Such facts, despite the fact that viewed as affordable by management at the time of preparation, might prove to be incorrect and actual benefits might differ materially from these anticipated. The Enterprise disclaims any intention or obligation to update or revise any forward-searching statements, no matter whether as a outcome of new facts, future events or otherwise, except as needed by law.
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